UPDATED:
Key Details
Property Type Single Family Home
Sub Type Single Family Residence
Listing Status Active
Purchase Type For Sale
Square Footage 997 sqft
Price per Sqft $366
Subdivision South Venice
MLS Listing ID A4705191
Bedrooms 2
Full Baths 2
Construction Status Completed
HOA Y/N No
Year Built 1991
Annual Tax Amount $2,623
Lot Size 0.370 Acres
Acres 0.37
Lot Dimensions 160x100
Property Sub-Type Single Family Residence
Source Stellar MLS
Property Description
TAKE OVER THE 2.75 RATE MORTGAGE. Current P/I is under $800 a month. This 2/2 on TWO LOTS (16,000+ sq ft) in South Venice has an assumable mortgage with a 2.75 rate and 23+ years left, subject to lender approval and buyer qualification. Today's rates are much higher, so the interest savings over a new loan can reach six figures over the life of the loan. Buyer to verify all loan terms with the lender.
The assumption requires the cash difference between the loan balance (about $159K) and the purchase price, plus lender approval. The second lot cannot be separated while the assumable loan stays in place but "can" on a cash sale. Lot value is $90-95K for 8,000 sq ft, based on recent comps.
Move-in ready. Pre-inspected, work done, selling AS-IS (form).
Updated kitchen: 18 cabinets, granite counters, coffee bar
New flooring throughout
Flex 3rd bedroom or office, laundry room, lots of closets
Keyless entry, 4-season porch and outdoor porch
Space for a pool and pool house
A/C everywhere under roof, NEW compressor (Sept)
Roof 7.5 years old
ECOwater system (2.5 years) with new filters and reverse-osmosis drinking water
Appliances 6 months to 5 years old
Concrete drive and RV/camper pad, fenced yard with dog door, easy-care landscaping
Low monthly costs. NO HOA. NO CDD. Private well and septic, so no city water or sewer bill. Est. $1,500 +/- a month all in to own and live here (buyer to verify).
Room to grow. The second lot (about 8,000 sq ft) is cleared with a shed and a lemon tree. Build a home, steel building, or 4-car garage, subject to zoning and permits.
The South Venice lifestyle. Deeded private Gulf beach access. About 1,000 ft to the Intracoastal. Private ferry and boat-launch amenities. Close to restaurants, shopping, medical, and downtown Venice.
Rent it your way. Long-term and seasonal rental potential. Short-term rentals require a 1-month minimum stay, a DBPR license for STR airbnb and compliance with county rental rules. Area rents range $2,100-$2,800 a month based on location and what it offers. Buyer to verify rental requirements and rents. airbnb are on the street so its a doable opportunity.
NEW LOWEST PRICE. Agents, call us to set a showing today! Agent-owned property.
Location
State FL
County Sarasota
Community South Venice
Area 34293 - Venice
Zoning RSF3
Rooms
Other Rooms Bonus Room, Florida Room
Interior
Interior Features Accessibility Features, Built-in Features, Cathedral Ceiling(s), Ceiling Fans(s), Eat-in Kitchen, Kitchen/Family Room Combo, Living Room/Dining Room Combo, Open Floorplan, Thermostat, Vaulted Ceiling(s), Walk-In Closet(s), Window Treatments
Heating Electric
Cooling Central Air
Flooring Luxury Vinyl, Tile, Vinyl
Fireplaces Type Electric, Living Room
Furnishings Unfurnished
Fireplace true
Appliance Bar Fridge, Convection Oven, Dishwasher, Dryer, Electric Water Heater, Kitchen Reverse Osmosis System, Microwave, Refrigerator, Washer
Laundry Corridor Access, Electric Dryer Hookup, Inside, Laundry Room, Washer Hookup
Exterior
Exterior Feature Lighting, Rain Gutters
Parking Features Off Street, RV Access/Parking
Fence Chain Link, Wood
Community Features Association Recreation - Owned, Deed Restrictions, Golf Carts OK, Park, Playground, Tennis Court(s)
Utilities Available Cable Available, Electricity Connected, Phone Available, Water Connected
Amenities Available Park, Pickleball Court(s), Playground
View Y/N No
Water Access No
View Trees/Woods
Roof Type Shingle
Exposure South
Garage false
Private Pool No
Building
Lot Description City Limits, Level, Oversized Lot, Paved
Story 1
Entry Level One
Foundation Slab
Lot Size Range 1/4 to less than 1/2
Sewer Septic Tank
Water Well
Structure Type Block,Stucco
New Construction false
Construction Status Completed
Schools
Elementary Schools Taylor Ranch Elementary
Middle Schools Venice Area Middle
High Schools Venice Senior High
Others
Pets Allowed Yes
HOA Fee Include None
Senior Community No
Ownership Fee Simple
Acceptable Financing Assumable
Membership Fee Required None
Listing Terms Assumable
Special Listing Condition None
Virtual Tour https://www.propertypanorama.com/instaview/stellar/A4705191
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